QUALCOMM's (QCOM) "Sector Perform" Rating Reiterated at Royal Bank of Canada

24 May 2017, 04:07 | Myrtle Hill

Raymond James Trust N.A.'s holdings in QUALCOMM were worth $6,886,000 at the end of the most recent reporting period.

Several other analysts have also commented on the stock. Another trade for 2,000 shares valued at $131,720 was sold by GROB MATTHEW S. ABERLE DEREK K had sold 14,990 shares worth $999,625. LLC purchased a new position in shares of QUALCOMM during the fourth quarter valued at about $105,000. Bank of Nova Scotia increased its stake in shares of QUALCOMM by 1,364.5% in the first quarter. Inc. raised its stake in shares of QUALCOMM by 31.2% in the first quarter. Federated Investors Inc. PA now owns 402,062 shares of the wireless technology company's stock valued at $26,214,000 after buying an additional 217,276 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in QUALCOMM by 2.0% in the third quarter. Inc. now owns 123,633 shares of the wireless technology company's stock worth $7,089,000 after buying an additional 29,422 shares in the last quarter. Hedge funds and other institutional investors own 79.28% of the company's stock.

QUALCOMM Incorporated (QCOM) has a 52-week high of $70.41 and a 52-week low of $49.56. (NASDAQ:QCOM) has "Neutral" rating given on Tuesday, September 8 by JP Morgan. The company had a trading volume of 14,223,368 shares. The stock has a market capitalization of $88.08 billion, a P/E ratio of 19.865 and a beta of 1.31.

Hall also suggested that Qualcomm's next logical step would be requesting a trade injunction against Apple's contract manufacturers but this will be complex and lengthy. (NASDAQ:QCOM). Stonebridge Capital Mngmt invested 2.45% in QUALCOMM, Inc. This is an increase of approximately 233% compared to the typical volume of 813 put options. (NASDAQ:QCOM). Fagan Assocs owns 7,465 shares. During the same quarter in the previous year, the company posted $1.04 earnings per share. Presently, it has a Return on Equity (ROE) of 11.00% and Return on Investment (ROI) of 7.80%.

The company's expected revenue in the current quarter to be 5.26 Billion, seeing a projected current quarter growth of -30.2%, and per annum growth estimates over the next 5 year period of around 10.5%. The Dana Investment Advisors Inc holds 40,559 shares with $2.15 million value, up from 33,709 last quarter. The company's revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that QUALCOMM, Inc. will post $4.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.57 per share. Now it is offering a dividend yield of 3.95% and a 5 year dividend growth rate of 20.05%.

After making run at Indy 500 pole, Alonso to start 5th
Qualifying was marred by a frightening crash that sent Sebastien Bourdais to the hospital complaining of pain in his right leg. You'll hear commentators talk more about the average speed of those four laps, expressed in miles per hour .

Watch a teenage Mark Zuckerberg find out he got accepted into Harvard
Even though Mark went on to drop out of Harvard during his sophomore year, the initial development of Facebook was started there. Mark Zuckerberg has revealed the moment he found out he was accepted to Harvard and shared it on - where else, Facebook .

Ainge's patience pays off with Celtics' draft lottery win
State's Dennis Smith or the 6'5" French product, Frank Ntilikina but with Jackson at the helm, everything is in play these days. Fultz, a point guard, would have to battle for minutes behind Isaiah Thomas and Marcus Smart next season.

QUALCOMM Incorporated shares increased 4.25 percent over the past week and rose 9.51 percent over the previous month. QUALCOMM Incorporated P/E (price to earnings) ratio is 19.18 and Forward P/E ratio of 14.16. If you are viewing this article on another domain, it was stolen and reposted in violation of USA and worldwide trademark and copyright laws.

Hall was referring to when Apple on April 28 decided it would not pay royalties to contract manufacturers for Qualcomm's smartphone patents, marking the latest chapter in Qualcomm and Apple's high-profile legal battle.

QCOM has been the topic of a number of other research reports. It fall, as 104 investors sold QUALCOMM, Inc. shares while 514 reduced holdings. The firm now has a $60.00 price target on the wireless technology company's stock. Cowen and Company dropped their price objective on shares of QUALCOMM to $73.00 in a research report on Thursday, January 26th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. A 11 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of BX or, if they already own its stock, sell it. There's more room for analysts to raise their ratings on BA stock, too, with seven of 16 maintaining a "hold" or worse suggestion.

Insider Trades for QUALCOMM Incorporated show that the latest trade was made on 10 May 2017 where Livermore (Ann M), the Director completed a transaction type "Buy" in which 9000 shares were traded at a price of $54.59. Following the transaction, the executive vice president now directly owns 76,246 shares in the company, valued at approximately $4,005,202.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Analysts on average have given a price target of $60.72 to QUALCOMM Incorporated stock. The disclosure for this purchase can be found here. Similarly, full-year sales forecasts have ranged between $22.28B and $23.88B.

The author does not own Qualcomm stock.

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA).

Other News

Trending Now

Loosen up: NFL to allow some flair in celebrations
Last season the league adjusted the rule as well, not requiring the teams to identify the player designated to return in advance. The NFL owners are meeting in Chicago this week and one of the things they'll be discussing is touchdown celebrations.

Prince Harry brings girlfriend Meghan Markle to wedding fest
Prince Harry also attended the wedding breakfast alone, before the couple arrived at the Middleton family home shortly after 7pm. The dress had a high neckline and a corseted bodice, with draping to the front and a heart-shaped detail in the back.

Zidane's clever squad rotation key to Real Madrid title
They fought back from 2-0 down against Villarreal to win 3-2 in February, showing just how much they wanted the title. One significant outcome of the excellent team spirit has been Madrid's ability to rescue games with late goals.

Controversy Trailing, Trump Heads For Israeli-Palestinian Talks
Trump is launching with Israel and major Arab states to shape a lasting agreement between Israel and the Palestinian Authority. Around 30 C-17 transport planes with hundreds of tons of equipment on board have started to arrive, Jerusalem Post reported .

Rain washes out NCAA women's golf play
Wallace fell out of contention for the overall tournament with a 42 on his first nine holes, but Sagoo backed up as well. Penn State and Golfstat number one ranked USC were the only teams with two or more golfers in the top-10.

Julian Assange: Sweden drops rape investigation
Julian Assange entered London's Ecuadorian Embassy in 2012, after a two-year home arrest for allegations of rape in Sweden. Three other cases of alleged sexual assault against Assange were dropped in 2014 due to a Swedish statute of limitations.

Senate Intelligence Committee requests Comey memos
The White House denied that Trump had made that request of Comey. Chaffetz also asked Comey to testify before the House next week.

United Kingdom retail sales grow by a better than expected 2.3% in April
The think tank expects the unemployment rate to rise from 4.8% at the end of this year to 5.4% in 2018 and 5.8% in 2019. United Kingdom retail sales volumes rose 2.3% for April compared with expectations of an increase of around 1.0%.

Liam Payne quit smoking to be positive role model for son
When asked about baby Bear Payne, he said: "Bear is beautiful, I love him and miss him terribly". "It's super cool. An insider said at the time: " Cheryl and Liam wanted to get to know their baby before deciding on a name".

Goods and Services Tax Bill
Most raw food items including milk will be exempted from tax while the panel still has to finalize rates for processed food items. The complete details will be available in the public domain after the said meeting concludes on Friday.